118th Congress Finance and Financial Sector
H.R. 2590: Unlocking Capital for Small Businesses Act of 2023
Introduced
- Introduced (completed)
- Passed House (not reached)
- Passed Senate (not reached)
- To the President (not reached)
- Became law (not reached)
Summary
This bill revises the regulatory treatment of private-placement brokers (brokers who receive transaction-based compensation for the sale of securities to preselected individuals or institutions) and finders (private-placement brokers who do not exceed a specified amount of compensation, transaction value, or number of transactions in a year).
Specifically, the bill (1) requires the Securities and Exchange Commission to establish registration requirements for private-placement brokers that are no more stringent than those imposed on crowdfunding portals, (2) allows for membership in any national securities association for private-placement brokers, (3) exempts private-placement brokers from broker regulations, and (4) otherwise modifies provisions related to private-placement brokers and finders.
Written by the Congressional Research Service, Library of Congress.
Roll calls
No roll call votes have been held on this bill.
Amendments
No amendments were offered to this bill.
Who scored on this bill
No member has earned points from it yet.
See all scorers and every scoring event
Introductions and cosponsorships count toward weekly caps and show no points.
Other bills by Andrew Garbarino
- H.R. 9391: Reimbursable Screening Services Program Extension Act of 2026
- H.R. 4171: SEED Act of 2025
- H.R. 4130: Small Business Relief Act
- H.R. 5577: NFIP Extension Act of 2026
- H.R. 5061: Counter-UAS Authority Security, Safety, and Reauthorization Act
- H.R. 5079: Widespread Information Management for the Welfare of Infrastructure and Government Act
History
- Introduced in the House by Andrew Garbarino.
Show the full action history (2 actions)
- Introduced in House
- Referred to the House Committee on Financial Services.